What is Doge Killer?
The world of cryptocurrency is constantly evolving, with new projects and tokens popping up all the time. One of the most exciting and unique projects in the crypto space is Doge Killer, also known as LEASH. This token is part of the Shiba Inu (SHIB) ecosystem and has taken the crypto community by storm in 2021.
Doge killer, also known as LEASH, is a token that is part of the Shiba Inu (SHIB) ecosystem. Shiba Inu is commonly referred to as the “Dogecoin (DOGE) killer” because of its enormous popularity. The SHIB token has grown to become the second-largest canine-inspired coin in the crypto space and aims to be the Ethereum (ETH)-based counterpart to Dogecoin’s Scrypt-based mining algorithm. In addition to LEASH, there is also Bone ShibaSwap (BONE), another dog coin that is part of the Shiba universe, which can be traded on its own ShibaSwap decentralized exchange (DEX).
The founders of Doge killer, also known as LEASH, are the team behind Shiba Inu. Shiba Inu was created in August 2020 by an anonymous person or group using the pseudonym “Ryoshi.” As a part of the Shiba Inu ecosystem, Ryoshi is also behind Doge killer (LEASH), and there is still close to no information regarding the identity of the tokens’ creator(s).
It is fair to assume that the stunning success of Dogecoin (DOGE) also inspired the endeavor, and that the founder(s) recognized the lucrative potential of creating yet another popular dog coin.
What makes Doge killer unique among dog-themed cryptocurrencies is that it was originally intended to be a rebase token but then the team decided to change tack and limit the total supply to only 107,646 tokens. This extremely low supply makes it an outlier among dog coins and also helps explain its high price, with LEASH trading at around $1,400 at the time of writing, down from a stunning all-time high of over $7,000 in May 2021. Usually, dog-themed cryptocurrencies have an artificially high supply – in the billions or even quadrillions – with which they try to spur investors to buy the token and pump the price to one dollar or one cent. LEASH takes a refreshingly different approach, making it a truly unique dog coin.
Although the team promises “lucrative rewards” to LEASH holders, it does not specify what these will be. This will potentially be up to the community to decide, as Bone ShibaSwap (BONE) is the governance token of the Shiba Inu ecosystem and will be used for voting in proposals in the upcoming Doggy DAO.
Overall, Doge Killer, also known as LEASH, is an exciting and unique project that has taken the crypto community by storm in 2021. With its low supply, high price, and unknown founders, it is a truly one-of-a-kind dog coin.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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